The chances of buying prime new build property within Mayfair, Belgravia, Knightsbridge and other areas of Prime Central London are becoming ever more slim due to the constraints with planning, lack of land and space open to developers. After these new developments have been built, the available space to continue to build in these prime areas will be sparse and, in many cases, non-existent.
Over the last decade, Knightsbridge saw the rise of One Hyde Park, which set the inevitably high standard for super prime residential apartments. Kensington also benefited from Holland Park Villas and One Kensington Gardens, a scheme opposite Kensington Palace Gardens offering a collection of exceptional one to six bedroom spacious homes with a variety of world class amenities overlooking Hyde Park just a little further down the road.
Mayfair has always trailed behind but is now in the limelight with a number of schemes either completed or approaching completion. Other new schemes such as No.1 Grosvenor Square, 20 Grosvenor Square Four Seasons Residences, Clarges Mayfair, and The Residences by the Mandarin Mayfair deliver unrivalled level of quality and service to residents who insist on the very best. Mayfair Park Residences is another example which boasts the benefit of five-star amenities and in- house services delivered by the well-loved Dorchester Collection London Hotel.
The demand is high for the limited collection of luxury residences and these tend to be bought by those who take up the opportunity to buy a unique luxury home and hold onto it for generations. Once these high-profile new developments have been completed and sold, the opportunity of being an owner of one will be even more so slim.
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